A Federal Court judge has indirectly told consumers you can forgo the wagyu and shiraz lifestyle when you take out a home loan.
Angus is keen to reduce the interest payable on his new home loan, but paying down a mortgage early is a trap for many property owners says Paul Clitheroe.
Linda has inherited $140,000 and is thinking of investing it. Paul Clitheroe has other ideas. “Opportunities like this to reduce debt are rare.”
If your home loan lender passed on either of the recent cash rate cuts, you might be excited about paying less each month. But before you start spending, ask yourself what is worth more: the extra cash or $40,000.
Don’t wait around for more rate cuts to save money on your mortgage.
The June issue of Money is on sale now. From how to maximise your tax refund to getting the best deal to save up to $594 on your power bill this winter, here’s what you can expect.
It’s been around since 1985 but few Australian pensioners have taken up the Pension Loans Scheme, which allows them to unlock money tied up in their homes to help pay for day-to-day expenses.
With the RBA taking the knife to the official cash rate for the first time since August 2016, it’s time for consumers to cash in.